Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $30.40

by · The Cerbat Gem

Shares of Dine Brands Global, Inc. (NYSE:DINGet Free Report) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $30.40.

DIN has been the subject of several research reports. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Mizuho lowered their price target on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, UBS Group dropped their price objective on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th.

Read Our Latest Analysis on Dine Brands Global

Insider Buying and Selling at Dine Brands Global

In other news, Director Douglas M. Pasquale acquired 2,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $28.25 per share, for a total transaction of $56,500.00. Following the purchase, the director owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. The trade was a 6.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total transaction of $51,984.00. Following the sale, the director directly owned 9,315 shares in the company, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have bought a total of 6,000 shares of company stock valued at $173,310 in the last quarter. 6.73% of the stock is owned by corporate insiders.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently modified their holdings of DIN. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Dine Brands Global during the 4th quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new position in Dine Brands Global in the 3rd quarter valued at approximately $27,000. Financial Management Professionals Inc. raised its holdings in Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 326 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Dine Brands Global during the 3rd quarter valued at $50,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 1,578 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Down 3.8%

DIN stock opened at $29.83 on Friday. The firm has a market cap of $378.44 million, a PE ratio of 29.54 and a beta of 0.94. The business has a 50 day moving average of $28.01 and a 200-day moving average of $30.60. Dine Brands Global has a 12-month low of $19.58 and a 12-month high of $39.68.

Dine Brands Global (NYSE:DINGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The business had revenue of $225.20 million for the quarter, compared to the consensus estimate of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. On average, research analysts expect that Dine Brands Global will post 4.62 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 24th. Dine Brands Global’s dividend payout ratio is currently 75.25%.

Dine Brands Global Company Profile

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Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

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